Financial Review – Eat the Bankers.comhttp://sinclairnoe.com/category/financial-review/
A recap of the business weekday’s market numbers and news that affects them.Wed, 23 May 2018 23:07:15 +0000en-UShourly1https://wordpress.org/?v=4.9.6Financial Review is a quick summary of the day's stock market activity hosted by Sinclair Noe, host of the full-length program of the same name on Money Radio 1510 and 99.3 FM in Phoenix, Arizona. Each weekday, Sinclair goes in depth in what caused the market activity, and gives listeners a starting point for the next trading day.Sinclair NoeSinclair Noeadmin@sinclairnoe.comadmin@sinclairnoe.com (Sinclair Noe)Sinclair NoeFinancial Review – Eat the Bankers.comhttp://sinclairnoe.com/wp-content/uploads/powerpress/finreview1400.jpghttp://sinclairnoe.com/category/financial-review/
Phoenix, ArizonadailySymmetrichttp://sinclairnoe.com/symmetric/
http://sinclairnoe.com/symmetric/#respondWed, 23 May 2018 23:07:15 +0000http://sinclairnoe.com/?p=3830…Fed minutes dovish. Stocks erase early losses. Trade disputes still muddled. Uber nixes autonomous cars in AZ. GE’s long arc of losses. Retail mixed. Financial Review by Sinclair Noe for 05-23-2018 DOW + 52 = 24,886 SPX + 8 = 2733 NAS + 47 = 7425 RUT + 2 = 1627 10 Y – .06 = 3.00% OIL – .38 = 71.82 GOLD + 2.40 = 1294.00 Stocks ended with small gains after minutes from the Federal Reserve’s latest policy meeting suggested higher inflation may not result in faster interest rate hikes. Most Fed policymakers thought it likely another rate increase would be warranted “soon” if the U.S. economic outlook remains intact, and many participants saw little evidence of general overheating of the labor market. Inflation, even a bit above 2 percent, may not necessarily mean a faster rate of increases. The Fed has hiked borrowing costs once so far this year, in March, and policymakers are currently about evenly split between those who expect two more rate rises this year and those who anticipate three. Investors overwhelmingly expect a rate rise at the next meeting on June 12-13. Although inflation hit the Fed’s 2% target in the latest reading for March, for the first time in a year, officials were not convinced it would remain there for long. According to the minutes: “It was noted that it was premature to conclude that inflation would remain at levels around 2%, especially after several years in which inflation had persistently ...

]]>http://sinclairnoe.com/symmetric/feed/0…Fed minutes dovish. Stocks erase early losses. Trade disputes still muddled. Uber nixes autonomous cars in AZ. GE’s long arc of losses. Retail mixed. Financial Review by Sinclair Noe for 05-23-2018 DOW + 52 = 24,…Fed minutes dovish. Stocks erase early losses. Trade disputes still muddled. Uber nixes autonomous cars in AZ. GE’s long arc of losses. Retail mixed. Financial Review by Sinclair Noe for 05-23-2018 DOW + 52 = 24,886 SPX + 8 = 2733 NAS + 47 = 7425 RUT + 2 = 1627 10 Y – .06 = 3.00% OIL – .38 = 71.82 GOLD + 2.40 = 1294.00 Stocks ended with small gains after minutes from the Federal Reserve’s latest policy meeting suggested higher inflation may not result in faster interest rate hikes. Most Fed policymakers thought it likely another rate increase would be warranted “soon” if the U.S. economic outlook remains intact, and many participants saw little evidence of general overheating of the labor market. Inflation, even a bit above 2 percent, may not necessarily mean a faster rate of increases. The Fed has hiked borrowing costs once so far this year, in March, and policymakers are currently about evenly split between those who expect two more rate rises this year and those who anticipate three. Investors overwhelmingly expect a rate rise at the next meeting on June 12-13. Although inflation hit the Fed’s 2% target in the latest reading for March, for the first time in a year, officials were not convinced it would remain there for long. According to the minutes: “It was noted that it was premature to conclude that inflation would remain at levels around 2%, especially after several years in which inflation had persistently ...Sinclair Noe13:15Not Exactlyhttp://sinclairnoe.com/not-exactly/
http://sinclairnoe.com/not-exactly/#respondTue, 22 May 2018 22:42:52 +0000http://sinclairnoe.com/?p=3828….On again off again trade wars/disputes, whatever. Oil prices and everything else starting to pinch. Dodd Frank rollback because…, it works? Zuckerberg goes to the EU. SpaceX again. Financial Review by Sinclair Noe for 05-22-2018 DOW – 178 = 24,834 SPX – 8 = 2724 NAS – 15 = 7378 RUT – 12 = 1625 10 Y un = 3.07% OIL – .15 = 72.09 GOLD – 1.60 = 1291.60 Stocks gave back most of yesterday’s gains. Yesterday, the trade war with China was put “on hold”. Today, not exactly. Trump questioned a potential trade agreement with China that his administration announced days earlier, indicating he isn’t satisfied with the deal, whatever the deal might be. And by the way, he still wants a ban on Chinese telecom company ZTE, which is facing stiff penalties for violating sanctions against North Korea and Iran. Meanwhile the proposed June summit with North Korean dictator Kim Jong Un, may not happen according to Trump. Tomorrow, we will look at the minutes from the Federal Reserve’s FOMC policy meeting in May. They did not hike rates, but the minutes might help to plot whether the Fed is hawkish or dovish – the difference being 2 or 3 more rate hikes for the remainder of the year. Oil prices took a split path today, with the global benchmark, Brent crude, scoring a fresh 3½-year high while the U.S. benchmark, West Texas Intermediate, edged lower, with traders weighing the potential influence of developments tied ...

]]>http://sinclairnoe.com/not-exactly/feed/0….On again off again trade wars/disputes, whatever. Oil prices and everything else starting to pinch. Dodd Frank rollback because…, it works? Zuckerberg goes to the EU. SpaceX again. Financial Review by Sinclair Noe for 05-22-2018 DOW – 178 = 24,….On again off again trade wars/disputes, whatever. Oil prices and everything else starting to pinch. Dodd Frank rollback because…, it works? Zuckerberg goes to the EU. SpaceX again. Financial Review by Sinclair Noe for 05-22-2018 DOW – 178 = 24,834 SPX – 8 = 2724 NAS – 15 = 7378 RUT – 12 = 1625 10 Y un = 3.07% OIL – .15 = 72.09 GOLD – 1.60 = 1291.60 Stocks gave back most of yesterday’s gains. Yesterday, the trade war with China was put “on hold”. Today, not exactly. Trump questioned a potential trade agreement with China that his administration announced days earlier, indicating he isn’t satisfied with the deal, whatever the deal might be. And by the way, he still wants a ban on Chinese telecom company ZTE, which is facing stiff penalties for violating sanctions against North Korea and Iran. Meanwhile the proposed June summit with North Korean dictator Kim Jong Un, may not happen according to Trump. Tomorrow, we will look at the minutes from the Federal Reserve’s FOMC policy meeting in May. They did not hike rates, but the minutes might help to plot whether the Fed is hawkish or dovish – the difference being 2 or 3 more rate hikes for the remainder of the year. Oil prices took a split path today, with the global benchmark, Brent crude, scoring a fresh 3½-year high while the U.S. benchmark, West Texas Intermediate, edged lower, with traders weighing the potential influence of developments tied ...Sinclair Noe13:16On Holdhttp://sinclairnoe.com/on-hold/
http://sinclairnoe.com/on-hold/#respondMon, 21 May 2018 22:08:34 +0000http://sinclairnoe.com/?p=3826…China trade war/dispute on hold. EU works a deal with Iran. SCOTUS goes with arbitration for workers. GE/Wabtech. Vote to rollback Dodd Frank. Buyback boom. Fortune 500. Financial Review by Sinclair Noe for 05-21-2018 DOW + 298 = 25013 SPX + 20 = 2733 NAS + 39 = 7394 RUT + 10 = 1637 10 Y un 3.07% OIL + 1.31 = 72.59 GOLD + .30 = 1293.20 Treasury Secretary Steven Mnuchin on Sunday declared the trade battle with China “on hold” after the two countries agreed to drop their tariff threats in favor of hashing out a broader deal. Mnuchin went on to clarify that it was a trade dispute, not even a trade war. The US and China put out a joint statement on Saturday after their second round of trade talks. The talks were intended to get China to cease unfair trade practices it uses against the US and to reduce the US-Chinese trade deficit — and to sort out those differences without sliding into a trade war. The joint statement said, among other things, that China would increase its purchase of US energy and agricultural goods and that China would change its intellectual property practices. Both the agreement itself and what it means for forestalling the possibility of a trade war are still a bit vague. There’s a notable absence of specifics on how many more US goods China will now purchase. Although the Trump administration said it expects China to reduce the US-Chinese trade ...

]]>http://sinclairnoe.com/on-hold/feed/0…China trade war/dispute on hold. EU works a deal with Iran. SCOTUS goes with arbitration for workers. GE/Wabtech. Vote to rollback Dodd Frank. Buyback boom. Fortune 500. Financial Review by Sinclair Noe for 05-21-2018 DOW + 298 = 25013 SPX + 20 = 2733...…China trade war/dispute on hold. EU works a deal with Iran. SCOTUS goes with arbitration for workers. GE/Wabtech. Vote to rollback Dodd Frank. Buyback boom. Fortune 500. Financial Review by Sinclair Noe for 05-21-2018 DOW + 298 = 25013 SPX + 20 = 2733 NAS + 39 = 7394 RUT + 10 = 1637 10 Y un 3.07% OIL + 1.31 = 72.59 GOLD + .30 = 1293.20 Treasury Secretary Steven Mnuchin on Sunday declared the trade battle with China “on hold” after the two countries agreed to drop their tariff threats in favor of hashing out a broader deal. Mnuchin went on to clarify that it was a trade dispute, not even a trade war. The US and China put out a joint statement on Saturday after their second round of trade talks. The talks were intended to get China to cease unfair trade practices it uses against the US and to reduce the US-Chinese trade deficit — and to sort out those differences without sliding into a trade war. The joint statement said, among other things, that China would increase its purchase of US energy and agricultural goods and that China would change its intellectual property practices. Both the agreement itself and what it means for forestalling the possibility of a trade war are still a bit vague. There’s a notable absence of specifics on how many more US goods China will now purchase. Although the Trump administration said it expects China to reduce the US-Chinese trade ...Sinclair Noe13:16End of Easyhttp://sinclairnoe.com/end-of-easy-2/
http://sinclairnoe.com/end-of-easy-2/#respondFri, 18 May 2018 21:16:45 +0000http://sinclairnoe.com/?p=3822…Stocks down on the week, except small caps. Economy rolling into May. China give and take. Farm bill flops. NAFTA deadline passes. Another school shooting. Financial Review by Sinclair Noe for 05-18-2018 DOW + 1 = 24,715 SPX – 7 = 2712 NAS – 28 = 7354 RUT + 1 = 1626 10 Y – .04 = 3.07% OIL – .15 = 71.34 GOLD + 1.90 = 1293.10 The Dow, and S&P 500 lost 0.5% for the week, and Nasdaq dropped 0.7% for the week. The small cap Russell 2000 index knocked out 3 consecutive record highs to finish the week up 1.3%. Bonds tried to rally today but for the week, the yield on the 10-year Treasury note added 10 basis points. And oil prices topped $70 a barrel last week and continued marching higher this week, for the third straight week of price increases. You’ve probably seen the signs with $3 a gallon prices for regular gas, and we’re not even into the summer driving season yet. Meanwhile, Brent crude pushed near $80 a barrel. Gold moved higher today but is down four of the last five weeks. Interest rates are rising, gas prices are rising. Tariffs and trade tensions could boil over into trade wars, but for now the economy is rolling along with second quarter GDP expected to grow slightly more than 3%. The U.S. economy is running close to full tilt, with unemployment dropping below 4% for the first time since 2000 and ...

]]>http://sinclairnoe.com/end-of-easy-2/feed/0…Stocks down on the week, except small caps. Economy rolling into May. China give and take. Farm bill flops. NAFTA deadline passes. Another school shooting. Financial Review by Sinclair Noe for 05-18-2018 DOW + 1 = 24,…Stocks down on the week, except small caps. Economy rolling into May. China give and take. Farm bill flops. NAFTA deadline passes. Another school shooting. Financial Review by Sinclair Noe for 05-18-2018 DOW + 1 = 24,715 SPX – 7 = 2712 NAS – 28 = 7354 RUT + 1 = 1626 10 Y – .04 = 3.07% OIL – .15 = 71.34 GOLD + 1.90 = 1293.10 The Dow, and S&P 500 lost 0.5% for the week, and Nasdaq dropped 0.7% for the week. The small cap Russell 2000 index knocked out 3 consecutive record highs to finish the week up 1.3%. Bonds tried to rally today but for the week, the yield on the 10-year Treasury note added 10 basis points. And oil prices topped $70 a barrel last week and continued marching higher this week, for the third straight week of price increases. You’ve probably seen the signs with $3 a gallon prices for regular gas, and we’re not even into the summer driving season yet. Meanwhile, Brent crude pushed near $80 a barrel. Gold moved higher today but is down four of the last five weeks. Interest rates are rising, gas prices are rising. Tariffs and trade tensions could boil over into trade wars, but for now the economy is rolling along with second quarter GDP expected to grow slightly more than 3%. The U.S. economy is running close to full tilt, with unemployment dropping below 4% for the first time since 2000 and ...Sinclair Noe13:15Seventy-Sevenhttp://sinclairnoe.com/seventy-seven/
http://sinclairnoe.com/seventy-seven/#respondThu, 17 May 2018 22:47:13 +0000http://sinclairnoe.com/?p=3819…Small caps hit another record. Yields continue march higher. Homebuyers rush for deals. EU angry with Trump. China turns to Russia for soybeans. Mueller probe anniversary. CBS v. Redstones. Kroger-Ocado. Paypal-iZettle. Wells Fargo, again. Financial Review by Sinclair Noe for 05-17-2018 DOW – 54 = 24,713 SPX – 2 = 2720 NAS – 15 = 7382 RUT + 8 = 1625 10 Y + .01 = 3.11% OIL + .08 = 71.57 GOLD un 1291.20 Stocks fell, at least the big cap stocks. Small caps continued a rally that has pushed the Russell 2000 to two straight sessions of record highs. Tech stocks were down after a less than satisfying earnings report from Cisco Systems, which dropped 3.8%. Shares of Applied Materials fell 2% in after-hours trade, as the chipmaker materials supplier’s sales outlook came in below the Wall Street consensus. Nordstrom shares fell more than 5% in late trading after the retailer posted first-quarter results above expectations but same-store sales rose less than expected. Walmart posted an earnings and sales beat. The big number for Walmart was a 33% jump in digital sales. The bad news for Walmart is that most of what they sell is food and people don’t buy food online. Walmart shares dropped 2% today. Investors continue to monitor a rise in bond yields; the yield on the 10-year Treasury note rose near a seven-year high. That pressured the defensive sectors of the market, such as utilities and real estate, both of which offer higher ...

]]>http://sinclairnoe.com/gravity/feed/0…Stocks fall after 8 gains. Bond fall hard, yields jump to highest levels in 7 years. Mortgage rates jump. Retail sales strong but Home Depot disappoints. Primaries in 4 states. North Korea cancels talks with South Korea. The biggest pot deal ever.…Stocks fall after 8 gains. Bond fall hard, yields jump to highest levels in 7 years. Mortgage rates jump. Retail sales strong but Home Depot disappoints. Primaries in 4 states. North Korea cancels talks with South Korea. The biggest pot deal ever. Financial Review by Sinclair Noe for 05-15-2018 DOW – 193 = 24,706 SPX – 18 = 2711 NAS – 59 = 7351 RUT un =1600 10 Y + .08 = 3.08% OIL + .04 = 71.00 GOLD – 22.70 = 1291.30 After 8 straight winning sessions for the Dow Industrials, gravity returned, and stocks fell. Home Depot reported quarterly sales that fell short of Wall Street’s expectations – the earnings were good, but sales missed thanks to what the company categorized as a “slow start” to spring sales. Spring is an especially important season for the home improvement retailer as shoppers traditionally stock up on gardening supplies and renovation materials. Customer transactions, however, fell 1.3 percent during the quarter. Home Depot fell 1.6 percent. And the weakness in Home Depot may be a warning sign for the housing market. Whatever, after 8 days of stocks being higher, it didn’t take much to trigger selling. Stocks also slipped after the Commerce Department reported retail sales increased 0.3 percent in April, that follows an upwardly revised 0.8 percent gain in March. Clothing stores posted the biggest increase in sales in April. Home-furnishing stores, internet retailers and home and garden centers were other winners. Department stores also reported a ...Sinclair Noe13:15Eight Straighthttp://sinclairnoe.com/eight-straight/
http://sinclairnoe.com/eight-straight/#respondMon, 14 May 2018 22:06:24 +0000http://sinclairnoe.com/?p=3813…A string of gains on Wall Street. China-US tweet strange. US companies have hearings on tariffs this week. China visit. SCOTUS rules open up sports gambling. Xerox-Fuji deal nixed. Sears’ slow destruction. Net neutrality on the line. Financial Review by Sinclair Noe for 05-14-2018 DOW + 68 = 24,899 SPX + 2 = 2730 NAS + 8 = 7411 RUT – 6 = 1600 10 Y + .02 = 3.00% OIL + .48 = 71.18 GOLD – 4.90 = 1314.00 The Dow Industrial Average started the session with triple digit gains, then drifted slightly lower. The Dow posted its eighth straight session of gains, the longest streak since last September. The Russell 2000 index hit 1615, a couple of points away from its previous intraday record but closed down. Chinese President Xi Jinping’s top economic adviser is heading to Washington this week for more negotiations. This on the heels of a US trade delegation flop in Beijing. This morning Trump tweeted that he will help save ZTE, a Chinese electronics maker; writing that “Too many jobs lost in China.” The company was on the brink of collapse after United States officials punished it last month for breaking American sanctions against countries including Iran and North Korea. The fate of Chinese technology company ZTE has become a major flashpoint in the US-China trade tensions. Last month, the US Commerce Department blocked American firms from selling parts or providing services to ZTE, which makes smartphones and other telecommunications equipment. The ban ...

]]>http://sinclairnoe.com/eight-straight/feed/0…A string of gains on Wall Street. China-US tweet strange. US companies have hearings on tariffs this week. China visit. SCOTUS rules open up sports gambling. Xerox-Fuji deal nixed. Sears’ slow destruction. Net neutrality on the line.…A string of gains on Wall Street. China-US tweet strange. US companies have hearings on tariffs this week. China visit. SCOTUS rules open up sports gambling. Xerox-Fuji deal nixed. Sears’ slow destruction. Net neutrality on the line. Financial Review by Sinclair Noe for 05-14-2018 DOW + 68 = 24,899 SPX + 2 = 2730 NAS + 8 = 7411 RUT – 6 = 1600 10 Y + .02 = 3.00% OIL + .48 = 71.18 GOLD – 4.90 = 1314.00 The Dow Industrial Average started the session with triple digit gains, then drifted slightly lower. The Dow posted its eighth straight session of gains, the longest streak since last September. The Russell 2000 index hit 1615, a couple of points away from its previous intraday record but closed down. Chinese President Xi Jinping’s top economic adviser is heading to Washington this week for more negotiations. This on the heels of a US trade delegation flop in Beijing. This morning Trump tweeted that he will help save ZTE, a Chinese electronics maker; writing that “Too many jobs lost in China.” The company was on the brink of collapse after United States officials punished it last month for breaking American sanctions against countries including Iran and North Korea. The fate of Chinese technology company ZTE has become a major flashpoint in the US-China trade tensions. Last month, the US Commerce Department blocked American firms from selling parts or providing services to ZTE, which makes smartphones and other telecommunications equipment. The ban ...Sinclair Noe13:15Lucky Sevenshttp://sinclairnoe.com/lucky-sevens/
http://sinclairnoe.com/lucky-sevens/#respondFri, 11 May 2018 22:25:26 +0000http://sinclairnoe.com/?p=3810…Stocks post strong week. Gas prices move higher. Auto summit in D.C. Trying to tackle drug prices. Beware inversion. 1Q earnings season shines. Financial Review by Sinclair Noe for 05-11-2018 DOW + 91 = 24,831 SPX + 4 = 2727 NAS – 2 = 7402 RUT + 3 = 1606 10 Y un = 2.97% OIL – .85 = 70.51 GOLD – 3.30 = 1318.90 The Dow Industrials posted a seventh straight winning session – the longest winning streak since last November. The S&P 500 inched forward. The Nasdaq pulled back a little. For the week, the Dow is up 2.3%, the S&P 500 is up 2.4% and the Nasdaq is up 2.7%. The import price index rose 0.3% in April because of the higher cost of oil. Excluding fuel, import prices rose 0.2% last month. The initial University of Michigan consumer sentiment index was unchanged at 98.8 in May. Gas prices are ticking up. When Trump withdrew the United States from the Iran nuclear deal this week, he set in motion a series of events that will develop unpredictably. But it’s likely Iran will end up selling less oil into the global market before long, since the return of US sanctions triggered by Trump’s decision will punish entities that purchase Iranian oil, beginning in November. That will probably push oil and gasoline prices up. Oil and gas prices have already risen notably during the last month. Crude prices are up nearly 20% this year, to about ...

]]>http://sinclairnoe.com/lucky-sevens/feed/0…Stocks post strong week. Gas prices move higher. Auto summit in D.C. Trying to tackle drug prices. Beware inversion. 1Q earnings season shines. Financial Review by Sinclair Noe for 05-11-2018 DOW + 91 = 24,…Stocks post strong week. Gas prices move higher. Auto summit in D.C. Trying to tackle drug prices. Beware inversion. 1Q earnings season shines. Financial Review by Sinclair Noe for 05-11-2018 DOW + 91 = 24,831 SPX + 4 = 2727 NAS – 2 = 7402 RUT + 3 = 1606 10 Y un = 2.97% OIL – .85 = 70.51 GOLD – 3.30 = 1318.90 The Dow Industrials posted a seventh straight winning session – the longest winning streak since last November. The S&P 500 inched forward. The Nasdaq pulled back a little. For the week, the Dow is up 2.3%, the S&P 500 is up 2.4% and the Nasdaq is up 2.7%. The import price index rose 0.3% in April because of the higher cost of oil. Excluding fuel, import prices rose 0.2% last month. The initial University of Michigan consumer sentiment index was unchanged at 98.8 in May. Gas prices are ticking up. When Trump withdrew the United States from the Iran nuclear deal this week, he set in motion a series of events that will develop unpredictably. But it’s likely Iran will end up selling less oil into the global market before long, since the return of US sanctions triggered by Trump’s decision will punish entities that purchase Iranian oil, beginning in November. That will probably push oil and gasoline prices up. Oil and gas prices have already risen notably during the last month. Crude prices are up nearly 20% this year, to about ...Sinclair Noe13:14Six Straighthttp://sinclairnoe.com/six-straight/
http://sinclairnoe.com/six-straight/#respondThu, 10 May 2018 22:28:35 +0000http://sinclairnoe.com/?p=3806…Stocks higher again. North Korea releases prisoners; summit planned. Israel and Iran. CPI inches higher – inflation is mild except for stuff you actually need. Earnings looking good. Google infuses AI into old apps. Financial Review by Sinclair Noe for 05-10-2018 DOW + 196 = 24,739 SPX + 25 = 2723 NAS + 65 = 7404 RUT + 7 = 1603 10 Y – .03 = 2.97% OIL + .26 = 71.40 GOLD + 9.00 = 1322.20 The Dow Industrials posted their sixth straight gain, with the S&P and Nasdaq along for the ride with nearly a 1% gain. The tech sector led the advance, up 1.3%. Apple hit a new record high. The small-cap focused Russell 2000 has been outperforming the large cap S&P and the blue chip Dow; the Russell is within a hair’s breadth of setting its first record since Jan. 23, when it closed at 1,610. The Labor Department said before the open its consumer price index, or CPI, rose 0.2 percent in April. The lighter-than-forecast number eased inflation concerns; prices are increasing gradually. The consumer price index has risen 2.5% in the past 12 months — the highest rate in 14 months. A more closely followed measure that strips out food and energy, known as the core CPI, rose a smaller 0.1% last month. That was half as much as Wall Street expected. The yearly increase in the core rate was unchanged at 2.1%. The cost of groceries posted the biggest increase in more ...

]]>http://sinclairnoe.com/six-straight/feed/0…Stocks higher again. North Korea releases prisoners; summit planned. Israel and Iran. CPI inches higher – inflation is mild except for stuff you actually need. Earnings looking good. Google infuses AI into old apps.…Stocks higher again. North Korea releases prisoners; summit planned. Israel and Iran. CPI inches higher – inflation is mild except for stuff you actually need. Earnings looking good. Google infuses AI into old apps. Financial Review by Sinclair Noe for 05-10-2018 DOW + 196 = 24,739 SPX + 25 = 2723 NAS + 65 = 7404 RUT + 7 = 1603 10 Y – .03 = 2.97% OIL + .26 = 71.40 GOLD + 9.00 = 1322.20 The Dow Industrials posted their sixth straight gain, with the S&P and Nasdaq along for the ride with nearly a 1% gain. The tech sector led the advance, up 1.3%. Apple hit a new record high. The small-cap focused Russell 2000 has been outperforming the large cap S&P and the blue chip Dow; the Russell is within a hair’s breadth of setting its first record since Jan. 23, when it closed at 1,610. The Labor Department said before the open its consumer price index, or CPI, rose 0.2 percent in April. The lighter-than-forecast number eased inflation concerns; prices are increasing gradually. The consumer price index has risen 2.5% in the past 12 months — the highest rate in 14 months. A more closely followed measure that strips out food and energy, known as the core CPI, rose a smaller 0.1% last month. That was half as much as Wall Street expected. The yearly increase in the core rate was unchanged at 2.1%. The cost of groceries posted the biggest increase in more ...Sinclair Noe13:15